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    Fair Value, Market Value, Fair Market Value

    More Info Register
    May 16, 2025
    Date
    May 16, 2025
    Time
    8:30AM - 5:00PM (EST)
    Sponsor
    Massachusetts Rhode Island and Maine Chapter
    Location
    Virtual Classroom
    Virtual Classrom
    Instructor
    Vincent M. Dowling, MAI, SRA
    Class Time
    7 hours
    Full Price
    $200.00
    AI Price
    $175.00
    Enroll by May 2 and save $25!
    View Pricing Options
    Course Description

    NEW SEMINAR!

    Fair Value, Market Value, Fair Market Value was developed because words can have more than one meaning. Even the simple term market value can have a different meaning to a real estate appraiser than it does to a business appraiser, an accountant, or an attorney. Among real estate appraisers, there can be differences of opinion as to the proper basis of a valuation for a property tax assessment, a condemnation action, or a financial report. The laws are not generally written by appraisers, and the various codes and case law can be inconsistent and hard to interpret. The USPAP standards require that an appraiser not only state the type and definition of value, but also “include any comments needed to clearly indicate to the intended users how the definition is being applied.”

    The seminar relies heavily on examples and case studies to help you understand the diverse ways terms are used and think through how to address the differences when you confront them in an assignment.

    This seminar is intended to help you understand different interpretations of key valuation concepts, so that you can effectively report how they have been applied in a particular assignment.

    Who Should Enroll
    General appraisers
    AI CE Points
    Attend:
    35
    State Approvals
    State QE/CE Course & Exam Course Only Exam Only Delivery Format Approval Format Start Date Expire Date State Code
    AL CE 7 7 Synchronous Livestream 01/09/2025 09/30/2026 C03052
    AR CE 7 7 Synchronous Synchronous 03/04/2025 03/04/2027 AI122
    AZ CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    AZ CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    CA CE 7 7 Synchronous Livestream 08/08/2024 06/01/2027 24CP754601586
    CO CE 7 7 Synchronous Livestream 02/24/2025 06/01/2027 2848
    DE CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    DE CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    GA CE 7 7 Synchronous Livestream 02/26/2025 06/01/2027 78330
    IA CE 7 7 Synchronous Livestream 03/07/2025 06/01/2027 A518-2292
    IL CE 7 7 Synchronous Livestream 01/28/2025 12/31/2026 575.010782
    IN CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    IN CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    KS CE 7 7 Synchronous Livestream 01/21/2025 12/31/2025 608.C25.N
    KY CE 7 7 Synchronous Livestream 08/26/2024 06/30/2025
    MA CE 7 7 Synchronous Livestream 03/13/2025 06/01/2027 00120180
    MD CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    MD CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    ME CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    ME CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    MT CE 7 7 Synchronous Livestream 08/20/2024 06/01/2027 REA-CEC-REC-18211
    NC CE 7 7 Synchronous Livestream 01/02/2025 12/31/2025 4691
    ND CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    ND CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    NE CE 7 7 Synchronous Livestream 08/01/2024 08/01/2029 2243479.02
    NM CE 7 7 Synchronous Livestream 03/28/2025 06/01/2027 4527
    OK CE 7 7 Synchronous Livestream 01/07/2025 06/01/2027 816
    OR CE 7 7 Synchronous Livestream 01/13/2025 06/01/2027 APIN-C-0125-9037
    PA CE 7 7 Synchronous Livestream 07/31/2024 06/01/2027
    PR CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    PR CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    RI CE 7 7 Synchronous Livestream 07/17/2024 06/01/2027 REA.0002229-CE
    SD CE 7 7 Synchronous Livestream 03/25/2025 06/01/2027 SD 1721
    TN CE 7 7 Synchronous Livestream 11/07/2024 11/30/2026 2850
    TX CE 7 7 Synchronous Livestream 11/14/2024 06/30/2026 50790
    VA CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    VA CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    VT CE 7 7 Synchronous Livestream 03/19/2025 03/19/2029
    WI CE 7 7 Synchronous Livestream 06/01/2024 06/01/2027 90519
    WI CE 7 7 Synchronous Synchronous 06/01/2024 06/01/2027 90519
    WV CE 7 7 Synchronous Livestream 01/23/2025 06/01/2027
    WY CE 7 7 Synchronous Livestream 07/23/2024 07/23/2027 2307
    Course Objectives

    After completing this seminar, participants will be better able to

     

    • Recognize situations where appraisers may disagree regarding the proper interpretation of value definitions.
    • Recognize the proper application of two business valuation premises: the going-concern premise and the liquidation premise.
    • Identify circumstances in which the value of real property is different in the going-concern premise than in the liquidation premise. 
    • Paraphrase the definition of contributory value and distinguish contributory value from market value on a standalone basis.
    • State how the definition of value in use has changed and recognize how contributory value is used in its place.  
    • Compare and contrast two definitions of fee simple and recognize how the definitions could impact a value opinion for a property subject to a lease(s).
    • Compare and contrast two market rent concepts.
    • Compare and contrast fair value and market value
    • Report how analysis of highest and best use for a fair value determination may differ from analysis of highest and best use for a market value opinion in some assignments. 
    • Recognize situations where courts may interpret fair market value to be more akin to fair value than to market value and explain how differences in interpretation of definitions can result in disputes. 
    • In situations where definitions are insufficient to convey assignment results, provide reports that include any comments needed to clearly indicate to the intended users how the definitions are being applied. 

     

    Course Details

    Program Overview:
    Table of Contents and Overview
    Seminar Schedule

    Equipment:

    Recommended Equipment

    Calculator such as the HP-12C or a laptop computer with a spreadsheet program. No financial math is required.

    Pricing Options
    Rate Full Price AI Price
    Early-Bird
    Today thru 05/02/2025
    $200.00 $175.00
    Standard
    05/02/2025 thru 05/16/2025
    $225.00 $200.00
    Additional Course Offerings
    Sponsor Date Location Format
    Delaware Chapter May 19, 2025 Synchronous View Details Register
    Bluegrass Chapter May 19, 2025 Synchronous View Details Register
    Philadelphia Metropolitan Chapter June 17, 2025 Synchronous View Details Register
    Washington DC Metropolitan Area Chapter June 17, 2025 Synchronous View Details Register
    Event Information

    Login/Program Access: 8:00 am - 8:30 am

    Classroom Hours:  8:30 am - 4:30 pm


    Enrolled students will receive an email with a link to join the virtual class.


    Participation Guidelines:   Students must have webcam/iphone/ipad/smartphone capability to participate and receive continuing education credit. The platform will be interactive and live. The instructor must be able to physically see and interact with all students and students must be able see and interact with the instructor. Participants do not need a paid account from ZOOM to participate.


    A copy of your driver’s license must be emailed to the Chapter office as verification after you have registered for the offering no later than noon on May 14th  via email.

    Only those students who provide the photo identification and “attend” the program in its entirety will receive a certificate of completion. Feel free to black out all information except for your name, city, and state. Attendance will be taken using a Zoom poll.   We ask that attendees treat this program as they would an in-person offering.  Our ability to provide a virtual alternative relies on the attendees’ securing a location that allows for their full attention and interaction.  Credit can only be given those attendees who adhere to these requirements.